Ethereum Whale Activity Signals Pre-Rate Cut Rally

A significant shift in Ethereum’s market dynamics has emerged, driven by the actions of a prominent crypto whale. This veteran Bitcoin investor, holding 68,130 ETH ($295 million), recently closed leveraged positions and converted to buying spot ETH, a clear signal of confidence in the asset’s potential outperformance over Bitcoin. This move comes as the U.S. Federal Reserve’s September rate cut decision looms large on the horizon. Experts suggest this could trigger a pre-rate cut rally, prompting speculation about a surge in Ethereum prices. Readily observable are the recent buying patterns of the whale and other institutional players.